The ratings agency has affirmed IDBI Bank Ltd’s rating, while maintaining the outlook at negative...

Other lenders include Export-Import Bank of India (EXIM), Bank of Baroda, Bank of Baroda (New Zealand), Bank of India, Canara Bank, Punjab National Bank, ICICI Bank and Axis Bank ...

Agency expects economic activity to contract 5% in the fiscal year ending March 2021, before rebounding 9.5% in 2021-22...

Fitch: Growth this fiscal at -5%. Next fiscal 9.5% growth; S&P: Long-term sovereign rating stays at BBB- with stable outlook...

It projected India’s debt to GDP ratio to rise to 77% in the current fiscal, up from 70% in 2019-20, assuming that economic growth slows and fiscal deficit widens...

Growth is, however, expected to rebound to 6.7 per cent in 2021-22, it added...

A Fitch note said the key drivers on ratings in developed markets would be the effect on growth, and the fiscal and monetary responses...

Fitch said RBI’s decisions signified a gradual shift away from its earlier efforts to enhance quality and transparency of asset classification by banks...

It projected that the government debt will remain close to 70 per cent of GDP throughout the period to 2021-22....

Vodafone Idea, with exposure of around Rs 17000 crore, remains a major concern...